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. >>> stocks are higher on wall street following a report showing the trade deficit narrowed in december, the markets also getting a boost from strong earnings reports from them. the dow up 32. the nasdaq actually closing in on a 12 year high of 27. s & p up 6. >>> palo alto based hewlett- packard has issued new rules from the use of student labor by its suppliers and factories overseas, they say the move is in response to complaints that chinese factories have been using student labor, in many parts of china factories lure them with promises of internships or temporary assignments, often using forged documents, their movements are also restricted, the require limited stands and the freedom to leave. >>> if love is blind it might also be broke after that. americans plan to spend 18.6 billion dollars to show their affection. men will account for 2/3 of that and averages out to $131 per love struck consumer. as always the big sellers are expecteded to be candy, flowers and jewelry. >>> today on ktvu channel 2 news at 5:00 we are following multiple developing stories right now, tracking dow
. >>> stocks are higher on wall street following a report showing the trade deficit narrowed in december, the markets also getting a boost from strong earnings reports from them. the dow up 32. the nasdaq actually closing in on a 12 year high of 27. s & p up 6. >>> palo alto based hewlett- packard has issued new rules from the use of student labor by its suppliers and factories overseas, they say the move is in response to complaints that chinese factories have been using...
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Feb 8, 2013
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trade deficit sank nearly 21% in december to $38.5 billion. that is the biggest drop in four years. analysts expected it to drop but not by that much. >>> the wall street journal reports u.s. airways and american airlines could announce a merger as early as tuesday. some are scheduled to meet on monday and the boards could meet later that same day. analysts say both airlines would benefit since they have few over lapping roots. >>> time now 5:52. court arguments over a bay area suicide. how first responders are defending themselves. >>> a new day a new tattoo for 49er star quarterback colin kaepernick. what he says the design represents. >>> a few showers around. partly cloudy and a cool breezy day. highs in the low 50s. >>> a judge may decide today if a family of a drowning man can sue the city of alameda. this incident happened memorial day 2011. it made nation-wide news. raymond zach died on a beach in alameda as rescuers watched him on shore. they could not help the man because they were not certified in water rescues. they call it a tragic situation but they.edu not have the le
trade deficit sank nearly 21% in december to $38.5 billion. that is the biggest drop in four years. analysts expected it to drop but not by that much. >>> the wall street journal reports u.s. airways and american airlines could announce a merger as early as tuesday. some are scheduled to meet on monday and the boards could meet later that same day. analysts say both airlines would benefit since they have few over lapping roots. >>> time now 5:52. court arguments over a bay...
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Feb 8, 2013
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this after a report showed the united states trade deficit narrowed sharply in december. stocks are also boosted by strong earnings reports. the dow up 62. the nasdaq is up 26. >>> the united states justice department is considering a lawsuit against moody's for defrauding investors. it's sources say the government could wait until that has worked its way through the courts before taking action against moody. both services accused of inflating the ratings of some mortgage bonds to drive business leading to the subprime meltdown. >> will -- the gains are look for another sweep. pam cook is in studio now with what goes on outside the ballpark. >> reporter: that's right. the giants are asking you to join the team in another big sweep. >> the giants have won it all. playing off the sweep in the world serious they are teaming up with public works to clean up the streets of san francisco. san francisco has been voted one of the dirtiest cities in the country and if you have been there recently or live there you know there is a lot of trash on the streets. the mayor is revealing
this after a report showed the united states trade deficit narrowed sharply in december. stocks are also boosted by strong earnings reports. the dow up 62. the nasdaq is up 26. >>> the united states justice department is considering a lawsuit against moody's for defrauding investors. it's sources say the government could wait until that has worked its way through the courts before taking action against moody. both services accused of inflating the ratings of some mortgage bonds to...
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Feb 8, 2013
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in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over entirely. if you extrapolate a 5% or 6% return we've had so far this year, we'll have one of the greatest stock markets of all time in the face of, you know, good earnings but not great earnings, in the face of still slow growth. i think that's a little unrealistic so we'll probably get a little bit of a pullback, unusual if we didn't. still recommending a substantial allocation to equities. this year looks like last year, political uncertainty. last year was a good year for stocks. as for stocks versus bonds, i've been thinking it was the end of a 30-year bull market in bonds for the past three years. by the sa
in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over...
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Feb 8, 2013
02/13
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we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for california dems and california businesses to do what they want to do with them. and so you've got to take both of those into account. and i think that one of my concerns is, if we simply say deficits are not a problem, everything is better, what we are ignoring is that other dimension because in reality what happens, the policymakers are making to decisions. wonders whether they're deciding about deficits or surpluses. they're deciding are going to borrow from our state's future income. but when a decision on the size of governmen
we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for...
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until we fix it we'll run deficits and continue to mound to our debt. david: republicans are doing some dances too, like that french apache dancing where you grab someone by the hair, and drag them. like the tea parties trying to drag them down, what is likely to happen? are they likely to fix up their act before the negotiations really begin so they come as united front against the president? >> david, that is a great question, but, to bet on this congress to fix their own act, i don't care if they are republicans or democrat, this is the most futile congress to record by a factor of two, the last 3 years by number of bills passed. they cannot agree on anything. but one thing they have in their favor good forward, you raise taxes on the rich, now that was political and that was a home run as far as our base, democrats. the next tax increase, will hurt. because they will be on the rest of americans, they will be very unpopular, that is what republicans need to say, these are not necessary, we have to deal with entitlements and spending. david: but tax c
until we fix it we'll run deficits and continue to mound to our debt. david: republicans are doing some dances too, like that french apache dancing where you grab someone by the hair, and drag them. like the tea parties trying to drag them down, what is likely to happen? are they likely to fix up their act before the negotiations really begin so they come as united front against the president? >> david, that is a great question, but, to bet on this congress to fix their own act, i don't...
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Feb 8, 2013
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trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but that success was offset somewhat by i
trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely...
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Feb 8, 2013
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the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers at the bank decided to keep the key interest rate unchanged. it's at record low level to support europe's ailing economy. the members of the central bank decided the rate should be maintained at 0.75% for a seventh month in a row. european central bank president draghi said the decision is essential to support the region's economic activity which remains weak. >> the economic weakness in the euro area is expected to prevail in the early part of 2013. later, in 2013, economic activity should gradually recover, supported by our monetary policy stance. >> draghi sai
the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers...
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Feb 8, 2013
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this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay firt etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balance add proach, a bipartisan approac
this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay firt etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending...
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Feb 8, 2013
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. >>> japan recorded a current account deficit for the second straight month. the first time the country has been in the red for several months in a row since officials started keeping track the way they do now. finance ministry officials say the current account deficit for december, $2.8 billion. the trade balance registered a deficit of $6 billion. exports fell 6.9%. imports up .8%. in yen terms over the previous year. the current account surplus for 2012 is the smallest based on comparable data based on 1985. surplus fell 50.8% to $50.2 billion. >>> china's total amount of trade soared 27% from january year earlier. but trade with japan posted much smaller growth. china's customs data shows exports totalled more than 180 billion. up 25%. the country imported 160 billion, showing an increase of 29%. the total amount of trade surged 27%. the jump is attributed mainly to dent in the same month last year. the lunar new year holidays fell in january 2012. >>> trade with japan grew slightly more than 10%. china's trade with asean climbed 43%. the data showed that
. >>> japan recorded a current account deficit for the second straight month. the first time the country has been in the red for several months in a row since officials started keeping track the way they do now. finance ministry officials say the current account deficit for december, $2.8 billion. the trade balance registered a deficit of $6 billion. exports fell 6.9%. imports up .8%. in yen terms over the previous year. the current account surplus for 2012 is the smallest based on...
WHUT (Howard University Television)
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Feb 8, 2013
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the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country imported about $160 billion worth of goods showing an increase of about 29%. the total amount of trade came to about $345 billion surging nearly 27%. officials attribute the jump mainly to a dent in the same month last year, the lunar new year holidays fell in january in 2012. trade with japan grew slightly more than 10%. that suggested bilateral ties soured over a territorial dispute. on the on the other hand japan's trade with southeast asian nations climbed almost 43%. the data showed that china's trade with this high growth region is expanding further. >>> here's anot
the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country...
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already in 2012, the budget has a deficit of 16 billion euros. we have to sacrifice and penalize thousands of students. what's the meaning of this? what's the point of this that members states, heads of state are just going to run a deficit? we are not going to go along with his, mr. president. there are rules and we will make sure they are respected, starting with article iii 10 which calls for a balanced budget. do i really have to remind you that this deficit system led to member states to the situation which we find ourselves today? it's a standing that member states are opposing something on the one hand, they are asking to strengthen our economic governance with a sixpack and with a sixpack and a two pack, and they're asking us to stop running deficits. but they want us to learn these bad habits all over again. we've got 960 billion commitments, and the same amount of payment. any direction of a company will tell you that's economic suicide, and it is too simple, mr. president, and you shouldn't hide behind david cameron. you are faced with
already in 2012, the budget has a deficit of 16 billion euros. we have to sacrifice and penalize thousands of students. what's the meaning of this? what's the point of this that members states, heads of state are just going to run a deficit? we are not going to go along with his, mr. president. there are rules and we will make sure they are respected, starting with article iii 10 which calls for a balanced budget. do i really have to remind you that this deficit system led to member states to...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the analysis out there, democrats feel that they can win this argument over these cuts and that it's likely we're going to hear from the president words like corporate jets, big oil in the state of the union positioning the every day working people against those against who says he not paying their fair share. >> i think there was an interesting speech this week earlier from eric cantor, the house majority leader. i think people want to hear about more than just the deficit numbers but really concrete measures that are going to be enacted to make their lives better and what people are
what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the...
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Feb 8, 2013
02/13
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the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year. as a result, the ministry said the current account surplus for the whole of 2012 was down for two years in a row. now u.s. stock prices ended lower. the dow jones industrial average lost nearly a third of a percent to end the day at 13,944 on thursday. that's after poor productivity data as well as comments from the ecb president which sent the euro lower. for more and for how stocks are trading here in tokyo, we are going to ramin mellagard at the tokyo stock exchange. we have had two pull-backs. are we headed for another? >> it looks like it. the drop we have seen in trade appears like that. the 2% drop in productivity for the fourth quarter in the u.s. as well as those slightly taken as negative comments from ecb president mario draghi may have more bite. we are definitely seeing that in the opening levels. let's have a look at those. 11,247. less than 1% on the nikkei. topix at 961. we had more than 400-poi
the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year. as a result, the ministry said the current account surplus for the whole of 2012 was down for two years in a row. now u.s. stock prices ended lower. the dow jones industrial average lost nearly a third of a percent to end the day at 13,944 on thursday. that's after poor productivity data as well as comments from the ecb president which sent the euro lower. for...
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. >> tom: president obama is once again pushing for a big deal to reduce the deficit. in a preview of the themes he'll lay out in next week's state of the union address, the president told house democrats today he'd press for a big agenda covering everything from fairness, and jobs to deficits and debt. darren gersh has more. >> reporter: with just a few weeks to go before automatic across the board spending cuts kick in, the president told fellow democrats his state of the union address next week will call for a change in course. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks, or every two months, or every six months, we are threatening this hard-won recovery. >> reporter: republicans may not applaud during that part of the speech. they've blasted the president for offering symbolic solutions like a tax on corporate airplanes that would raise enough money to cover one month week of the automatic spending cuts know collectively as the sequester. given the stand off, analysts now predict the
. >> tom: president obama is once again pushing for a big deal to reduce the deficit. in a preview of the themes he'll lay out in next week's state of the union address, the president told house democrats today he'd press for a big agenda covering everything from fairness, and jobs to deficits and debt. darren gersh has more. >> reporter: with just a few weeks to go before automatic across the board spending cuts kick in, the president told fellow democrats his state of the union...
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Feb 8, 2013
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here's your rainfall deficit for the year. we're down nearly half a foot of rain in san francisco, almost three inches in san jose and livermore. we do have this low pressure area. it's working its way down the california coastline right now. snow in the mountains, scattered showers for us. slight chance of a thunderstorm right at the coastline. but once this guy is gone, the rain chance is gone until likely after valentine's day. it will be with us till about lunchtime tomorrow. heading off to work, might want to leave five or ten minutes early, because the rain will likely slow things down. high pressure stays off to our west, giving us a northerly flow, a cold flow but a dry flow. after tomorrow, we will be mainly dry for a while. how much rain tonight? some of you may get half an inch of rain, maybe a little less than that for san francisco. but it's certainly not a deficit buster when it comes to rain. slight chance of a thunderstorm tonight, especially at the coast. the weekend will be sunny and cold. lows near freezing
here's your rainfall deficit for the year. we're down nearly half a foot of rain in san francisco, almost three inches in san jose and livermore. we do have this low pressure area. it's working its way down the california coastline right now. snow in the mountains, scattered showers for us. slight chance of a thunderstorm right at the coastline. but once this guy is gone, the rain chance is gone until likely after valentine's day. it will be with us till about lunchtime tomorrow. heading off to...
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Feb 8, 2013
02/13
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we talk about needing a balanced approach to cut this deficit, but why exactly do we need a balanced approach? it's not as if the economy distributes its games in a balanced way. if over the last ten or 15 years wages had gone up equally and profits had gone to the top 1% in an equal way, then you can say we need to rein in the deficit. instead, it seems like all of the games go to the top 1% but when it's time for pain, that we're going to spread across. that we need to give to social security, medicare, medicaid and we can't touch taxes. >> ryan grim and shira, have a good weekend. good luck. >> thank you. >>> snow is starting to fall across the northeast and forecasters say before it's done, this will be one for the record books. stephanie abrams is live for us in new york city's times square. good morning. >> reporter: chris, good morning to you. in times square, we have seen it all. nemo has been a triple threat, rain, sleet, and snow. laguardia and central park have been reporting all snow throughout the morning hours and it's not only new york. it goes into connecticut. and ne
we talk about needing a balanced approach to cut this deficit, but why exactly do we need a balanced approach? it's not as if the economy distributes its games in a balanced way. if over the last ten or 15 years wages had gone up equally and profits had gone to the top 1% in an equal way, then you can say we need to rein in the deficit. instead, it seems like all of the games go to the top 1% but when it's time for pain, that we're going to spread across. that we need to give to social...
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Feb 8, 2013
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trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet from out of my mitten to the pavement and it's gone. >> it's like every six months for you. >> do you have a case? >> now i'm going to spend money on the case? so i have a blackberry filling in. brian, look at this. whoops. oh, i dropped it. let me see. do i have to buy a new one? look. >> and it still works? >> it still works. it's unbelievable. look. that happened. i did that to the iphone yesterday and it cracked and it turned black, and now we must replace it. >> my wife has the -- >> sam, check that, see if it works. >> the only basically indestructible case for the
trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet...
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Feb 8, 2013
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we've been running deficits for years. the deficit has narrowed. china had excellent numbers as well. the bottom line is this, our fourth-quarter gdp, it was negative 0.1%. because of the positive trade data, it's going to be revised likely positive. we'll have positive fourth-quarter gdp. that's a plus for the stock market overall. we moved up today on the trade data news. sectors, it's 3 to 2 advancing -- maybe a little bit better. hmo stocks, very strong. molina had strong numbers. but the key story is all about these trade wars and currency wars as well. did you see what happened yesterday? we've got draghi versus japan. this is a big, big international battle right now. draghi talked down the euro. the euro had been strong against the yen and of course today the japanese finance minister came out and said, we're sorry, maybe the yen's gone a little too far. now he's got to go to the g-20 meeting in the next few days and explain why the yen has weakened so dramatically and hopefully people will be too angry with them. many people like the auto
we've been running deficits for years. the deficit has narrowed. china had excellent numbers as well. the bottom line is this, our fourth-quarter gdp, it was negative 0.1%. because of the positive trade data, it's going to be revised likely positive. we'll have positive fourth-quarter gdp. that's a plus for the stock market overall. we moved up today on the trade data news. sectors, it's 3 to 2 advancing -- maybe a little bit better. hmo stocks, very strong. molina had strong numbers. but the...
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a budget deficit... of... more ttan... 700---million & dollars... over the nexx ecade. & ecadd. tonighh jeff abblll peports on some of the unnerlying reasons whh. 3 3 a grave assessment of the citt's fiscal future from he mayorrabs) 1-5"if we fail to acc. weewill enn up in the same situation as many other & dolllars in deficits for years &pto comebut why is a city with highest taxes in the stateaalwaas broke?fox 45 dug deeper into the numbers and found some disturbing - trendseven as the city's population shrinksbaltimore government has become 33 the costs...ppy and benefftt forrcity employees02:16::3"wee - were once thh 6th largest city ffom the us census bureau shows baltimooe citt payroll - rose by thirtt million dollars peroii when the city lost -3 30,,00 residentsand despite falling on the list of the nation's argest cities baltimore cootinues to employ & more workers than arger ciiiisslike denver and pheonix whhch are actually growing - 02:26:31"they're perversely paid, that shove off costs to the future when they are not going to be sustainable" driving up costs are emplo
a budget deficit... of... more ttan... 700---million & dollars... over the nexx ecade. & ecadd. tonighh jeff abblll peports on some of the unnerlying reasons whh. 3 3 a grave assessment of the citt's fiscal future from he mayorrabs) 1-5"if we fail to acc. weewill enn up in the same situation as many other & dolllars in deficits for years &pto comebut why is a city with highest taxes in the stateaalwaas broke?fox 45 dug deeper into the numbers and found some disturbing -...
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de caracter mental , se hablara de los fondos necersariosa para los servicois esytatales , debudo al déficit fiscal santiago lucero noticias univisión , tras el incidente , las autoridades , un perno se desprendio de una placa de las vías y se atoro de u8na de las r+anu+ras , los dosmoperadores con una mordedura , los senadfores por california nquieren mejnorar la calidad , , y bárbara le pidieron al secretario de transporte , más estrictas para asacar de las carreteras , la rtepsuesta cuandoi a un autobús , le fallaron loos frenos , y se estrello con dos autos , nos vamos a una pausa , y al regreso , se acábaron las épocas de 3 dolares por galon de gasoli8na al regresar , le diremosa como conseguir los mejnores precios una niña de 9 años , podría , poner en duda todo , le contamos que podrían incluir en telacion de trabajdores tremporales , al regresar de la paísa erl sistema , con lluvia y nieve los detalles prónostico para el fin de semana al volver . >>> (♪ ♪) . >>> (♪ ♪) . p . >>> el caso de la niña, de 9 años , así como al padrastro de la niña liego que familia
de caracter mental , se hablara de los fondos necersariosa para los servicois esytatales , debudo al déficit fiscal santiago lucero noticias univisión , tras el incidente , las autoridades , un perno se desprendio de una placa de las vías y se atoro de u8na de las r+anu+ras , los dosmoperadores con una mordedura , los senadfores por california nquieren mejnorar la calidad , , y bárbara le pidieron al secretario de transporte , más estrictas para asacar de las carreteras , la rtepsuesta...
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$85 million across the board spending cuts that congress put into place to force them to agree on a deficit reduction plan. it's a stupid plan. [ laughter ] how will those cuts help us? >> the congressional budget office came out with a report ten minutes ago that said the effects of sequester will be to retard growth by 1.25 percentage points. >> jon: how many people only took away from that sound bite the word retard. and how that word even if proper context seems offensive. you can't even call our economy retarded. what are you going to do now? you can't offend our economy. it will hit the defense department. how do you think the defense department feels about that? >> if these cuts happen there le bay disruption in defense and sharp decline in military readiness. >> jon: you can pull troops from germany and consolidate middle east forces and most armies and go all in on the australian content. this is not a game. [laughter] >> jon: no it's the game the world domination. risk. this is jon stewart comedian and drawing room emperor. you know, when i'm looking to kill eight hours, i like to
$85 million across the board spending cuts that congress put into place to force them to agree on a deficit reduction plan. it's a stupid plan. [ laughter ] how will those cuts help us? >> the congressional budget office came out with a report ten minutes ago that said the effects of sequester will be to retard growth by 1.25 percentage points. >> jon: how many people only took away from that sound bite the word retard. and how that word even if proper context seems offensive. you...
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fur the ideas out there on the issues we face deficit, debt, immigration reform. they're out there but sitting on think tanks gathering dust. what we can do is empower those idea to meet action and encourage folks in washington to put the idea in place and define the common ground that exists and build on it. >> and to all of the moms and dads in this audience, and to anyone who loved a child like i my love my kids who are 10 and 8. the good news, we have been working to bid build problem solvers group in congress. members who are republicans, democrats and independents alike are going to come together, meet regularly, build trust, and move us forward. whenever you are on the political spectrum, there's a place for you voice to be heard, if you have the attitude to solve problems. and no labels all of you and all of us are going to drive this home. [applause] >> you've heard about step one, which is all of you the nationwide grassroots organization. you've heard about step two, the problem solvers in the congress in the united states. now it's time to hear about s
fur the ideas out there on the issues we face deficit, debt, immigration reform. they're out there but sitting on think tanks gathering dust. what we can do is empower those idea to meet action and encourage folks in washington to put the idea in place and define the common ground that exists and build on it. >> and to all of the moms and dads in this audience, and to anyone who loved a child like i my love my kids who are 10 and 8. the good news, we have been working to bid build problem...
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you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan. governor christie exhibits the same kind of responses and has a pretty high approval rating. so we will go forward with taking you at your word. we will have the kind of relationship where we can have a blunt, straight forward, fully disclosed working relationship. i think it is critical for us to provide oversight, the ability for us to have the right kind of agencies so we know where each other is and move forward together in terms of what needs to be done to provide intelligence to that needs to be done to protect the american people. i wanted to say that. i want to follo
you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan....
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you've got to address the larger deficit issue, and to address the larger deficit issue -- and my own experience. i've participated in every budget summit we have indiana past -- we have had in past years. you have to develop a balanced package. that's the nature of dealing with the size deficits you've got. and my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, stop this constant uncertainty. this month-to-month situation where we don't know what the hell we're going to get. that should end. in the absence of that deal, obviously i'll support whatever package you can put together to try to detrigger sequester. whatever you can do to make sure this doesn't happen. i mean, i cannot imagine that people would stand by and deliberately hurt this country in terms of our national defense by letting this take place. >> i'll only add briefly that most of the things we're doing are reversible. that is our goal, they would be reversible, but even if you reverse them it will take some time -- and i can't predict that yet -- w
you've got to address the larger deficit issue, and to address the larger deficit issue -- and my own experience. i've participated in every budget summit we have indiana past -- we have had in past years. you have to develop a balanced package. that's the nature of dealing with the size deficits you've got. and my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, stop this constant uncertainty. this month-to-month situation...
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trade deficit dropping 21% in december for $38.6 billion. that's the lowest level in nearly three years. helped out by a rise in imports thanks in particular to a big jump in oil production here in the united states. lowest level of oil production since february 1997 social networker linked in reported its earnings after the closing bell topping expectations revenue up 80% to over $300 million. linkedin stock is taking off this morning at 17% after the opening bell. linkedin has done much better than social media companies out there. numbers up on the trade data. dow up 43. close to 14,000 again. nasdaq up 23. s&p up by 6. back to you. >> thank you, jason brooks. >>> the lone star state makes a pitch for workers in california and we are counting down to the opening of the new east span of the bay bridge and kpix 5 political insider phil matier with former mayor willie brown joins us now on this friday. mayor brown we kick it off with you. what took so long? will the bridge open on time? [ laughter ] >> what you caught him on, frank, is what
trade deficit dropping 21% in december for $38.6 billion. that's the lowest level in nearly three years. helped out by a rise in imports thanks in particular to a big jump in oil production here in the united states. lowest level of oil production since february 1997 social networker linked in reported its earnings after the closing bell topping expectations revenue up 80% to over $300 million. linkedin stock is taking off this morning at 17% after the opening bell. linkedin has done much...
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. >> if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me. i like to think that mikan dore and bluntness will reassure you you will get straight answers from me, maybe not always the ones you like, but you will get answers and they will reflect my honest views. >> senator, you've been one of the most high-profile critics of the administration for not giving as much information particularly the legal documentation underpinning the targeting of u.s. citizens. is there a current trust deficit between the senate intelligence committee and the administration, and can someone like john brennan heal it or not? >> he did move in the right direction in a number of areas. i was very pleased when he said that if a mistake was made on a targeted killing matter, he'd make a public acknowledgement, something like that. i think he did take some steps in the right direction and the president did as well when he called on wednesday night and said he would reverse course and make additional materials available with respect to the legal analysis for targ
. >> if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me. i like to think that mikan dore and bluntness will reassure you you will get straight answers from me, maybe not always the ones you like, but you will get answers and they will reflect my honest views. >> senator, you've been one of the most high-profile critics of the administration for not giving as much information particularly the legal documentation underpinning the...
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. -- pass a budget deal which they regard as a deficit deal. there may yet be hurdles to overcome. am i he is one of the arctic -- >> he is one of the architects of the us drone program. what could be leadership asked the leadership of john brennan mean for us policy -- what could the leadership of john brennan mean for us policy? >> hello. welcome back. for much of europe, it remains very cold and unsettled. lots of frontal systems, active frontal systems. a lot of snow whooshing up across -- pushing up across poland. still some significant snowfall. we are likely to see further snow the next few days. most of the heaviest snow will be across the ukraine and extending up towards western parts of russia. you see some snow over the dolomites. there is some patchy snow further to the west. many of these frontal systems are looking relatively weak at the moment. towards iberia, temperatures in double figures in madrid. north africa, still this is affecting algeria, some heavy downpours expected. temperatures probably no higher than 9 degrees, way below average. that extends towards tu
. -- pass a budget deal which they regard as a deficit deal. there may yet be hurdles to overcome. am i he is one of the arctic -- >> he is one of the architects of the us drone program. what could be leadership asked the leadership of john brennan mean for us policy -- what could the leadership of john brennan mean for us policy? >> hello. welcome back. for much of europe, it remains very cold and unsettled. lots of frontal systems, active frontal systems. a lot of snow whooshing...
SFGTV: San Francisco Government Television
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the mayor's office is currently projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make a 1 and a half percent cut in 13-14 and a 1 and a half percent cost in 14-15, the budget reduction targets that we received from the mayor's budget office are 465 thousand dollar reduction next year and a 558 thousand dollar reduction the next year, so in the scope of the budget reduction that they have received over the last three or four years, this is eminently manageable. two years ago, we were asked to make a 20% budget cut, so this is something that feels like we can accomplish hopefully with relatively little pain. we would hope to meet this 3% target as well as any cost increases in our
the mayor's office is currently projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make...
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trade deficit. but still, traders are not heading into the weekend in a positive mood. outlooks that companies have been giving, and of course on the trading week, were not convincing, and that is why the dax lost more than 2% in the course of this trading week. >> a quick look at the market numbers now -- the dax closed up 5.81%. the euro stoxx 50 gain more. in new york, the dow is going up by about 0.3%. the bureau is now trading at one -- $1.3358, slightly down. >> talk about going against the mainstream -- the ceo of volkswagen says he wants to take a pay cut even though under the company's rules, his salary should be going up by millions. >> he told the german magazine that it is not possible to justify a pay package of 20 million euros to ordinary people. vw is about to enter into wage talks with production staff. in 2011, he was the highest paid ceo in germany. >> china is continuing to expand its role as the workshop of the world with, according to its own figures, exports growing 25% in january compared to the same time last year. that far exceeds expectations.
trade deficit. but still, traders are not heading into the weekend in a positive mood. outlooks that companies have been giving, and of course on the trading week, were not convincing, and that is why the dax lost more than 2% in the course of this trading week. >> a quick look at the market numbers now -- the dax closed up 5.81%. the euro stoxx 50 gain more. in new york, the dow is going up by about 0.3%. the bureau is now trading at one -- $1.3358, slightly down. >> talk about...
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this will make it far easier for ireland to bring down its budget deficit. >> german carmaker diamond has reported record sales for 2012, but it did miss its profit target. timeless says profits were 8.6 billion euros, which is below its 2011 results -- daimler says profits were 8.6 billion euros. >> weak demand in europe weighed on the mercedes luxury car division. they did boost the bottom line by selling a stake in the eads and aerospace group. the company also announced measures to increase its presence in china. the german foreign minister is in the philippines on a mission to boost trade ties. berlin has had frosty relations with manila ever since a trade dispute in the 1990's. >> westerwelle said to some to put that behind the two countries and rebuild relations. germany is manila's biggest trading partner, and strong growth between the two is expected. >> it is the first time in more than a decade that a german foreign minister has paid a visit to the philippines. during talks with his counterpart in manila, the finance minister said they were eager to do more business with th
this will make it far easier for ireland to bring down its budget deficit. >> german carmaker diamond has reported record sales for 2012, but it did miss its profit target. timeless says profits were 8.6 billion euros, which is below its 2011 results -- daimler says profits were 8.6 billion euros. >> weak demand in europe weighed on the mercedes luxury car division. they did boost the bottom line by selling a stake in the eads and aerospace group. the company also announced measures...
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america's trade deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after blowout yesterday. >>> and the power company that provided electricity to the louisiana superdome said it figured out what caused the power outage during the super bowl. it wasn't hackers, beyonce, it was just a bad relay. sometimes the explanation turns out to be a bit routine. a thing-ga-ma-doo quit working. >> fun to think that beyonce blew out all the lightsp. >> scott mcgrew talking about a thing-ga-ma-doo. >> technical term. >>> a live look. beautiful clear skies more or less here over san francisco. this is the clearest it's been all day. so mostly sunny here. let's show you san jose now. oh, yeah, we're sti
america's trade deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after...
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today we'll get more data on the economic front on the trade deficit and wholesale trade. the dow losing 42 points to 13,944. looks to be down for the week. nasdaq slipped to 3165. the irs is cracking down on criminals who use stolen identities to seek thousands of dollars in tax refunds. the agency says a january sweep of 32 states and puerto rico found nearly 400 identity theft suspects including more than 100 that were arrested. the number of investigations tripled last year centering on high-risk cities such as san francisco, l.a., new york and miami. the irs says it is investigating in-house filters that were what helped prevent $20 billion in would-be fraudulent tax refunds last year. big problem these days. big problem for health care. some people use your number to go get health care and then you're stuck with the bill. you have to be very careful about your data. back to you. >> big problem and big dollars. 20 billion in fraud. we'll keep our eye on that one. thank you very much. >>> keeping an eye on the forecast. our cold and wet weather to the start of the week
today we'll get more data on the economic front on the trade deficit and wholesale trade. the dow losing 42 points to 13,944. looks to be down for the week. nasdaq slipped to 3165. the irs is cracking down on criminals who use stolen identities to seek thousands of dollars in tax refunds. the agency says a january sweep of 32 states and puerto rico found nearly 400 identity theft suspects including more than 100 that were arrested. the number of investigations tripled last year centering on...